Brokerages Set Origin Bancorp, Inc. (NASDAQ:OBK) Target Price at $43.40

Origin Bancorp, Inc. (NASDAQ:OBK) has earned a consensus rating of “Buy” from the five brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $43.40.

Several equities analysts have recently weighed in on OBK shares. Raymond James reiterated a “strong-buy” rating and set a $44.00 price objective (up previously from $40.00) on shares of Origin Bancorp in a report on Friday, January 24th. DA Davidson upped their price target on Origin Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $45.00 price target (up previously from $42.00) on shares of Origin Bancorp in a report on Wednesday, January 29th. Stephens restated an “overweight” rating and set a $42.00 price objective on shares of Origin Bancorp in a report on Thursday, January 23rd. Finally, Piper Sandler increased their target price on Origin Bancorp from $35.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, January 24th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OBK. Point72 Asia Singapore Pte. Ltd. bought a new stake in Origin Bancorp during the third quarter worth $30,000. Sterling Capital Management LLC boosted its holdings in Origin Bancorp by 812.6% during the 4th quarter. Sterling Capital Management LLC now owns 940 shares of the company’s stock worth $31,000 after acquiring an additional 837 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Origin Bancorp in the 4th quarter worth $48,000. Quantbot Technologies LP raised its holdings in shares of Origin Bancorp by 78.1% in the third quarter. Quantbot Technologies LP now owns 2,706 shares of the company’s stock valued at $87,000 after purchasing an additional 1,187 shares during the last quarter. Finally, Comerica Bank lifted its position in shares of Origin Bancorp by 13.0% during the fourth quarter. Comerica Bank now owns 3,008 shares of the company’s stock valued at $100,000 after purchasing an additional 347 shares in the last quarter. Institutional investors own 54.68% of the company’s stock.

Origin Bancorp Stock Down 1.7 %

Shares of NASDAQ OBK opened at $39.47 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.23 billion, a PE ratio of 16.04 and a beta of 1.00. The company’s fifty day simple moving average is $35.97 and its 200 day simple moving average is $33.80. Origin Bancorp has a 12-month low of $27.69 and a 12-month high of $41.17.

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Friday, February 14th. Origin Bancorp’s dividend payout ratio is currently 24.39%.

About Origin Bancorp

Origin Bancorp, Inc operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, and residential mortgage loans.